Upon the application of establishment of a Taiwan company for foreign investors, a copy of notarized POA (Power of Attorney) is required to submit and the agent shall be in the identity of natural person who has been residing in Taiwan and is not limited in accountants or lawyers. For investors from Mainland China,, the agent is mandatory to be a legal lawyer or accountant. Besides, in the condition of foreign natural person with ARC (Alien Resident Certificate), such foreigner is allowed to be the agent of investment. But if the person is in the identity of civil servant for schools or government entities, employees for government-operated enterprise, or military personnel on active duty, such person is not allowed to be the agent of investment.
The copy of POA is not limited in any official format. The required information shall be stated on the POA is the name of investor and agent as well as the authorized investment items, such as increase or decrease of capital investment, transfer of shares, and withdrawal of shares. In the condition of the shareholder being juridic person, the POA shall be included the name of company, the position of signee and name.
The POA shall be certified, verified and notarized by one of the following entities. The procedure and required documents are fully dependent on the requirement of each entity:
Taipei Economic and Cultural Office ,administrative departments in Hong Kong or Macau, the designated institution or authorized public entities;
The local court or public notary office in the domestic countries of investors;
Taiwan court or public notary office to issue the certificate of notarial certificate in accordance with The Notary Act. If the shareholder in the identity of natural person is within the territory of Republic of China, the procedure of notarization can be proceeded at the public notary office.
The certified, verified and notarized POA is valid within one year after finishing the procedure of certification, verification and notarization.
Disclaimer
All information in this article is only for the purpose of information sharing, instead of professional suggestion. Kaizen will not assume any responsibility for loss or damage.
The global impact of the COVID-19 pandemic has transformed the way we work and live. As remote work becomes the new norm, traditional office spaces are no longer a necessity. With just a laptop in hand, professionals can now work seamlessly from anywhere, enjoying the flexibility of location-independent jobs.
Taiwan company has three methods to file corporate income tax (profile-seeking enterprise income tax): Expanded audit by reviewing declaration on tax, audit by reviewing account books and accountant tax compliance certification. In general, all companies in Taiwan are required to adopt the “Audit by Reviewing Account Books” method for accurate taxation.
The primary service provided by third-party payment providers is acting as an intermediary for payments and collections. In online transactions, they facilitate money transfers between buyers (payers) and sellers (payees). Currently, third-party payment operations in Taiwan are not exclusive or franchise based.
Under Taiwan’s regulations, foreign professionals intending to work in Taiwan must typically obtain a work permit issued by the Workforce Development Agency of the Ministry of Labor before they can legally work in Taiwan. Work-related visas are divided into two main types: business visas and work permits, each serving different purposes.